Momentum indicators flash bullish signals

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Hut 8 gains 3.51% to $58.37 today

Highlights

Hut 8 (HUT) is trading at $58.37, maintaining bullish momentum across short-, medium-, and long-term timeframes above its key moving averages (MA-20: $55.96, MA-50: $47.24, MA-200: $31.14).
Momentum indicators show strong MACD bullishness, ADX neutrality on daily but bullish on higher timeframes, and RSI just above neutral, with bull power in overbought territory.
Expect HUT to trade in a $56.00–$60.00 range over the next five sessions, with an 80%+ probability of price increase and critical support near $50.64.

Bullish MACD and buyer dominance amid momentum-oscillator divergence

Momentum indicators show a mixed but overall positive setup: the MACD signals strong upward momentum, and the ADX is neutral on the daily chart but turns bullish on higher timeframes. RSI is just above neutral, and the Stochastic RSI is signaling an oversold condition, while CCI remains neutral. Bull/Bear Power indicates a strong buyer dominance with an overbought reading, aligning with recent price strength. The daily performance shows a $1.98 gain or up 3.51% with a higher open (from $56.39 to $59.99), and the price is currently trading mid-range between today’s high ($59.99) and low ($56.60). Volatility appears moderate, and the intraday tone reflects initial strength at the open with some consolidation after the initial move. There is some divergence between momentum and oscillators, with MACD bullishness contrasting Stochastic RSI's oversold reading.

High upside probability as momentum metrics strengthen price corridor

Looking ahead, the expected price range for the next five trading days is $56.00 – $60.00, with a sideways bias. The probability of a price increase is very high (more than 80%) based on the collective weekly strength of RSI, MACD, ADX, and the Moving Average, making a decline less likely. In the baseline scenario, the price remains within the $56.00 – $60.00 corridor. A bullish scenario could see a break above $60.00, attracting momentum buyers toward further highs, while a bearish turn below $56.00 may trigger a pullback to the next support near $54.00.

Anton Kharitonov, expert at Traders Union, sees Hut 8 Corp showing technical strength above key moving averages but notes mixed momentum readings. He believes the setup favors sideways action between $56.00 and $60.00, with the risk of a bearish turn if support breaks. Weak sentiment, lack of positive news, and overbought signals reinforce his defensive posture. "I remain cautious — unless $60.00 is convincingly broken, upside is limited and risk control is essential."

Previously it was reported that Hut 8 Corp is maintaining strong bullish momentum above its short- and long-term moving averages, with the price supported by positive RSI and MACD signals despite today's decline. Oscillator readings are mixed, indicating possible near-term consolidation between $54.00 and $60.00, with dynamic support at $48.55 and key resistance at the $60.00 level.

Source of Data: HUT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.